SLIDE 1
January 2020
Disclaimer & confidentiality notice
P1
- By attending (whether in person or by telephone) this presentation, or by reading the presentation slides, you agree to the conditions set out below. This presentation has been
prepared by Premier Oil pic ("Premier Oil") in connection with the proposed acquisition of BP’s interests in the Andrew Area and the Shearwater field and an additional 25 per
- cent. interest in Tolmount and the associated placing and rights issue, and is confidential. It contains confidential information about Premier Oil and other subsidiaries (together,
the "Group") and is being provided on a confidential basis and it does not constitute an offer or invitation to the public. This presentation does not constitute an offer to acquire any securities and is not intended to be used as a basis for credit or any other evaluation. This presentation is an advertisement and not a prospectus or
- ffering memorandum. The unauthorised disclosure of this presentation or any information (written, oral or otherwise) contained in or relating to it could damage the interests
- f the Group and have serious consequences. Some or all of the information contained in this presentation is or may be price sensitive and the use of such information may be
regulated or prohibited by applicable legislation relating to insider dealing. This information must not be used for any unlawful purpose. Save as specifically agreed in writing by Premier Oil, this presentation and any information (written, oral or otherwise) contained in or relating to it must not be copied, reproduced, distributed or passed to other
- parties. If you are not the intended recipient of this document, you should delete and destroy all copies immediately.
- The release, presentation, publication or distribution of this presentation in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who
are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. Any failure to comply with applicable requirements may constitute a violation of the laws and/or regulations of any such jurisdiction. This presentation does not constitute an offer of securities for sale in the United States, Australia, Canada, Hong Kong, Japan, South Africa or any other jurisdiction where the extension or availability of the placing and rights issue (and any other transactions contemplated thereby) would breach any applicable law or regulation. This presentation is not for use in the United States (other than in presentations to a limited number of "qualified institutional buyers" (“QIBs”) as defined in Rule 144A under the U.S. Securities Act of 1933 (the “U.S. Securities Act”), and may not be retransmitted, republished or otherwise redistributed in the United States. By accepting the delivery of this presentation, the recipient represents, warrants, acknowledges and agrees that: (a) it is a non-U.S. person that is outside the United States (within the meaning of Regulation S under the Securities Act ("Regulation S")) or is a QIB; (b) it will not reproduce, publish, distribute or pass on this presentation; and (c) it and will not transmit, forward, send or take this presentation nor any copy hereof into, or distribute this presentation or any copy hereof within the United States. This presentation is not for transmission, publication distribution or release into Australia, Canada, Hong Kong, Japan, South Africa, the United States, or into any other country where such distribution may lead to a breach of any applicable law or regulation.
- Statements herein, other than statements of historical fact, regarding future events or prospects, are forward-looking statements. These statements involve a number of risks
and uncertainties, which could cause actual results to differ materially and adversely from those predicted in the forward- looking statements and from the past performance of Premier Oil. The estimates and projections reflected in the forward-looking statements are based on various assumptions concerning anticipated results, commodity prices and industry trends, which assumptions may prove to be materially incorrect. As a result, you should not rely on these forward-looking statements. In relation to statements of historical fact relating to the Andrew Area and the Shearwater field, Premier Oil and its agents have generally relied on information and interpretations provided by the seller, which may not be capable of independent interpretation. Neither Premier Oil nor any other person undertakes any obligation to update or revise any information or statement contained herein, whether as a result of new information, future events or otherwise. We and our affiliates and our and their respective officers, employees and agents expressly disclaim any and all liability which may be based on this presentation and any errors therein or omissions therefrom. The presentation does not constitute a due diligence review and should not be construed as such.
- No representation or warranty, expressed or implied, is or will be made and, save in the case of fraud, no responsibility or liability is or will be accepted by Premier Oil or by any
- f its officers, servants, advisers, agents or affiliates as to or in relation to the accuracy or completeness of this presentation or the information forming the basis of the
presentation or for any reliance placed on the presentation by any person whatsoever. You should not definitively rely on this presentation or any information (written, oral or
- therwise) provided in connection with it to form the definitive basis for any decision, contract, commitment or action whatsoever, with respect to any proposed transaction or
- therwise.
- This presentation does not constitute an offer to sell or the solicitation of an offer to buy any security, commodity or instrument or related derivative. It does not constitute legal,
regulatory, accounting or tax advice, and we recommend that the recipient seek the appropriate third party advice regarding this presentation. This presentation, including this disclaimer, shall be governed by and construed in accordance with English law and any claims or disputes, whether contractual or non-contractual, arising out of, or in connection with, this presentation, including this disclaimer, shall be subject to the exclusive jurisdiction of the English courts.